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What To Expect From Astronics’s (ATRO) Q4 Earnings

ATRO Cover Image

Aerospace and defense technology solutions provider Astronics Corporation (NASDAQ: ATRO) will be reporting earnings this Tuesday after market close. Here’s what you need to know.

Astronics met analysts’ revenue expectations last quarter, reporting revenues of $211.4 million, up 3.8% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and a beat of analysts’ EPS estimates.

Is Astronics a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Astronics’s revenue to grow 13.7% year on year, improving from the 6.8% increase it recorded in the same quarter last year.

Astronics Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Astronics has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Astronics’s peers in the aerospace segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Woodward delivered year-on-year revenue growth of 29%, beating analysts’ expectations by 11.9%, and Boeing reported revenues up 57.1%, topping estimates by 6.9%. Woodward traded up 13.4% following the results while Boeing was down 2.8%.

Read our full analysis of Woodward’s results here and Boeing’s results here.

There has been positive sentiment among investors in the aerospace segment, with share prices up 7.1% on average over the last month. Astronics is up 1.4% during the same time and is heading into earnings with an average analyst price target of $76.98 (compared to the current share price of $78.81).

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